[FCF Fund]

Hi Guys,

Wanted to get feedback on conversion rates to compare notes on a new campaign. Im seeing 1 out of every 100 "contacts" convert into a funded deal. So far thats on a 2 week trial, I don't think that could hold up in the long run but feel those are strong conversion rates.

Thoughts?

[FCF Fund]

FYI

A "Contact" is just data that was specifically filtered and targeted to certain industries and other variables.

[TheShitzuofMCA]

Not strong but 10% is ok.

[MCNetwork]

You need to break the numbers down further. How many full submissions (app, 3 months bank, etc.) can be generated from the 100 contacts?

[FCF Fund]

Not strong but 10% is ok.

Thats actually a 1% conversion to funding

[FCF Fund]

You need to break the numbers down further. How many full submissions (app, 3 months bank, etc.) can be generated from the 100 contacts?

full submissions are 3 full packages so far out of the 100 contacts. Closed 1 due to qualifications and interest in the term / rate.

[Funder Mark]

Thats actually a 1% conversion to funding

From a data campaign, using targeted data, is a 1% return that bad? I would imagine on a campaign like this, you would be getting higher quality clients then on a UCC lead sheet.

[Zach]

100 contacts meaning 100 phone calls on a cold list? That is amazing, and you should keep that secret to yourself, because that is much better than anyone else in the space.

[Funder Mark]

full submissions are 3 full packages so far out of the 100 contacts. Closed 1 due to qualifications and interest in the term / rate.

So so far you have 3% full returns for a potential offer, and 1% closure rate. Obviously too small a selection to make real projections from, but to me that sounds pretty good, especially if you are not paying for inbound 'hot' leads

[MCNetwork]

That campaign sounds good to me but it all depends on how much your 100 names cost. If you pay pennies per name, then you've got a gold mine! If you pay $25+ per name, I'd probably pass...

[FCF Fund]

100 contacts meaning 100 phone calls on a cold list? That is amazing, and you should keep that secret to yourself, because that is much better than anyone else in the space.

Not exactly a cold call list, I would say warm call list. Small sample size though so far its only been running 2 weeks, maybe I just got lucky and had a good batch.

[aredmond]

Not exactly a cold call list, I would say warm call list. Small sample size though so far its only been running 2 weeks, maybe I just got lucky and had a good batch.

That is data and leads in general. Quality comes in clusters whether it is old lists or newer lists. Nice work though.

[TheShitzuofMCA]

Thats actually a 1% conversion to funding

Your right!

[Michael I]

Funding 1 out of 3 apps is a good ratio . The issue is its not enough data in till you fund ten . I remember my first ever cold call , I had no clue what I was doing and brought in an app while still on the phone with the guy . my ego was sky high in till it took over 200 calls to bring in app number 2

[FunderFL]

Your right!

"you're"

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